Oil rises on prospect of OPEC+ supply cut
Oil rose on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.
European shares drop as policymakers seek to tame hot inflation
European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession.
EXCLUSIVE EU will not appeal court ruling against $991 mln Qualcomm fine – sources
EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm (QCOM.O) because it would be difficult to convince Europe’s top court of the merits, people familiar with the matter said.
Sony to buy mobile game developer in push beyond consoles
Sony Group Corp (6758.T) on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming.
BNPL lender Affirm’s shares tumble after gloomy full-year revenue forecast
Shares of Affirm Holdings Inc (AFRM.O) tumble 13% in premarket trading on Friday after the buy-now-pay-later lender’s full-year revenue forecast missed Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
Musk’s SpaceX and T-Mobile plan to connect mobile phones to satellites, boost cell coverage
U.S wireless carrier T-Mobile US Inc (TMUS.O) will use Elon Musk-owned SpaceX’s Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users’ mobile phones directly to satellites in orbit.
EXCLUSIVE Chinese defence firm has taken over lifting Venezuelan oil for debt offset -sources
China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data.
India’s digital lending rules spark disruption, firms plan pushback
India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
FedEx missteps fuel contractor’s crusade as pandemic delivery boom fades
Package carrier FedEx Corp (FDX.N) is facing a threat from an unusual source – one of its biggest delivery contractors.
Singapore’s Grab says ‘laser-focused’ on profitability after bumper quarter
Singapore’s Grab Holdings Ltd on Thursday lifted the lower end of its revenue forecast for the year and said it was “laser-focused” on profitability as demand for rideshare across Southeast Asia peaks.
